5 year lease $30,000 per year in rent

7208 Narcissus St, Houston, TX 77012

$325,000 After Repair Value -
$299,999 Asking Price -
$0 Cost of Repairs =
$25,001 Potential Profit

Property Details

Asking Price $299,999

After Repair Value $325,000

Costs of Repairs $0

Potential Profit $25,001

Living Area 4000 ft2

Property Type Single Family House

Bedrooms 5

Bathrooms 3

Half Bathrooms 1

Parking 2

Listed with Agent No

EPI (Estimated Potential Income)

Potential Rental Income $30,000

Yearly Expenses N/A

Property Taxes $4,500

Net Operating Income $25,500

Cap Rate 8.5

Property Description

Renovated home that rents $2500 per month. Over $100,000 in renovations and house is good as new. Tenant has a 5 year lease. Great location near downtown Houston.


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